Market Talk
Recently, there has been a trend where stocks move up in the morning, but as the day goes on they sell off on profit taking. Such market reactions could be a sign of a market correction coming.. Yes, the new administration may or may not offset whatever we may anticipate. But, for now, eyebrows are being raised by analysts, traders and investors in stocks. Some stocks may be priced to perfection as they sell off on good news.
At the end of every post here at the Jones report, the note about seeing how our views match up to the reality of the time. As example, yesterday NVDA presented what seemed to be a bullish outlook on future product offerings involving AI, robots, and automation, data centers and coming AI cards for PCs. Such notions "should have " catapulted NVDA into the next levels. However, some analysts came up with the notion that new things may be "future". But then opine on what is the "now" of it? Thus, we see profit taking, sell the news, and analyst "hyper over think" suggesting to many - take the gain and hide.
It makes one wonder if the market is about to take a breather as traders and some investors hunker down to see how 2025 shapes up.
Stock Talk
While sometimes it seems like "risk off" in certain spec stocks , there are a few stocks here we hold some:
Kratos Receives $1.45B MACH-TB 2.0 Contract
https://finance.yahoo.com/news/kratos-receives-1-45b-mach-130000098.html
Stocks we stay the course in some.
MO , Steady earnings and a near 8% high dividend to reinvest.
KGC , Gold mining with steady earnings and a divy too. It's up today meaning a march to steady value.
PR, starting to "pop"? on easing natural gas restrictions. Oil and Natural gas co in the Permian basin of America. Drill baby drill staying the course.
KTOS - Just yesterday, KTOS was selected as the lead prime on a hypersonics test bed. We anticipate a coming contract to deploy KTOS drones in a task force with US fighter jets to help maintain the balance of power with adversaries.
Kratos Receives $1.45B MACH-TB 2.0 Prime Contract
https://finance.yahoo.com/news/kratos-receives-1-45b-mach-130000098.htm
NVDA : long term stock, can be volatile.
It seemed like NVDA should have surged into the $150's. It did indeed, for awhile. A brief awhile. Then today, we see an NVDA sell off as some analysts opine that the products are the future, and not now. Is this reaction typical of what may portend to overall markets?
On other hand - Some spec stocks can get hit hard if they don't live up to their story.
some to watch, but a caution sign looms until they show positivity, after quite an amazing run on their story. They lack actual earnings though and are vulnerable to sell offs and short attacks.
QUBT, RGTI, QBTS, BBAI, ASPI
Maintain dry powder for opportune times.
If you dare ... Stay tuned and aware ....
For now, we close by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. In all - we use the word maybe "some", not "too much" and play it accordingly. Remember, never get arrogant in our various notions because things do change in the market and individual stocks are subject to many factors outside of our control.. So we try to -stay aware.
With all the above caveats and attempted prognostications, I will close this post. Stay tuned for more opining on the market and stocks to watch.
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